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20121108
20121116
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WTTG 15
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john boehner said friday he would only be open to raising more money by closing tax loopholes. >> and i'm proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. >> everyone would be affected. payroll taxes would increase and bush era tax cuts would end. the unemploy wood see benefits run out and -- unemployed would see benefits run out and the congressional budget office is already warning of a 9.6% unemployment rate and double dip recession. >> very unusual for them to predict a recession if the fiscal cliff is not resolved. >> a solution may be sound say some in the president's largely ignored bipartisan debt commission. >> we've got the fiscal cliff bearing down on us. so why not look on simpson bowles although it's over two years later? >> and looming for our area, possible massive job cuts if automatic pentagon cuts are not stopped. at risk, 207,000 jobs in virginia, 114,000 jobs in maryland and 127,000 jobs in the district. tom fitzgerald, fox 5 news. >>
boehner offered a compromise this week and he said, yes, i'm willing to put more revenue on the table, but, through closing deductions and ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal, that doesn't raise the bush tax rate on the wealthy? >> well, here's the issue. how much revenue are we going to generate as part of the balanced package and i take my lead from simpson-bowles in their framework and they assume the amount of revenue as if you started tax reform from a 39% rate. that is part of their built-in assumption and i'm all for doing tax reform. the issue is, from what starting point. and i think the simpson-bowles starting point, which assumes that revenue from 39%, is the right way to go to get the next they got in hitting the deficit reduction target and if what speaker boehner was saying, he is truly willing to get what we consider congressional budget office scorable revenue, then we can begin to work with one another. if what we are simply saying is what republicans used to say, we will lower rates on the wealthy, and, that
cliff. president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what
between the president and john boehner. >> that relationship has been pretty, you know, warm behind the scenes. they both get along pretty well personally. and they both have challenges in their own parties and coming into a deal that cuts entitlements and raises tax revenue. john boehner really reached out the last couple of days to the president on a series of issues, immigration reform. he's now saying that will be a priority next year when republicans wouldn't touch it. that's a big deal. he's also saying, look, i'm willing to support more tax revenue as part of tax reform, just throw me a bone, basically, mr. president, on the rates. >> sure. >> the problem for john boehner is his conference is very conservative. will be more conservative potentially next year. he needs to get their votes and getting their votes, you have to give them something to vote for, not just say, hey, eat it. >> right. >> the president really faces a choice now. does he take this olive branch and return it with another, or play hard ball? now he's in a strong position. and holding a lot of the cards. >>
of the fiscal cliff. both president obama and house speaker john boehner today came out warning the consequences of not reaching a deal would be devastating to the u.s. economy but they don't have a lot of time here. >> no, they don't. the president spoke on this today, not mentioning what was going on behind the scenes with the cia. consider the timeline here. there are only 53 days now left for congress to get to work and get this deal done in order to raise the debt ceiling this year congress put this countdown clock in effect and it has now unt january 1 to get it done. if nothing gets done, your payroll taxes could go up. the bush era income tax cuts would end and 449,000 defense industry jobs across virginia, maryland and d.c. could face layoffs if these automatic pentagon cuts are allowed to go forward. at the white house this afternoon the president spoke in front of what the administration called average americans. those special era tax cuts would expire. add to that deep spending cuts that will kick in. all of this has economists warning tonight of a double dip recession and possible
on the growing debt. john boehner and president obama are the primary negotiators. what are both sides going to need to do to get the job done? chris van hallen joins us now. thanks for coming in. good to have you here. >> good to be with you. >> is there any reason that i or we the american people can have any optimism this is going to get done before the end of the year? there's not a lot of time left and a lot to deal with. >> yes, there is reason for optimism. there is a combustable risks. but there is opportunities here. with respect to across the board cuts, i think there's a decent chance congress could come up with an alternative way to reduce the deficit over a period of time so you don't have these slashing cuts. you'd have to replace those savings with other savings but that's doable. the tax piece is more complicated. you've heard the president make the point that he wants to immediately extend tax relief to 98% of american people. 100% of the american people would get tax relief on the first $250,000 of their income. on income above that, we should have people go back to the rat
. >> reporter: house republican speaker john boehner said he would only be open to it by closing tax loopholes. >> ensure that 2013 is finally the year that our government comes to grips with the major problems facing us. >> reporter: everyone would be affected. payroll taxes would increase and bush-era tax cuts would end. the unemployed would see benefits run out and the congressional budget office is already warning of a 9.1% unemployment rate and double- dip recession. >> very, very unusual for the cbo to come out and and predict a recession. >> why not look at sims and bulls, although it's two years later. >> reporter: looming large for our area, possible massive job cuts if automatic pentagon cuts are not stopped and risk 207,000 jobs in virginia, 114,000 jobs in maryland, and 127,000 jobs in the district. well, the white house says that both leaders are going to look at these sides and come to an agreement at some point. but right now they don't know when. leaders from both parties in the senate and the house will begin meeting at the white house next week in the hopes of finding a solut
on wealthier americans. house speaker john boehner says old differences should not block new compromise. >> if there's a mandate in yesterday's results, it's a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation and my message today is not one of confrontation, but one of conviction. >> reporter: but the big question facing capitol hill now is if the president's reelection victory gives him new leverage with congress or if the same old tug of war remains. while the president talked a lot on the campaign trail about raising taxes on the wealthy, this fiscal cliff could affect americans on all income levels from the unemployed who could risk losing benefits to working americans who could see a possible rise in payroll taxes. in the newsroom tom fitzgerald, fox 5 news. >> fox 5 political analyst mark plotkin joins us tonight. thanks for being here, mark. >> good to be here, shawn. >> let's talk about what's next for the republican party. this was a devastating loss for the right. they clearly have their work cut out for them. where
of uncertainty related to politics that markets must deal w. >> reporter: john boehner says he is open to making a deal with the president to put the finances in order. >> republicans have signaled a willingness to accept new revenue if it comes from growth and reform. so let's start the discussion. >> reporter: one political analyst says the republicans' willingness to come to terms on a deal woo be the result of public pressure. >> it does mean that they have to worry about running afoul of public opinion at their per ill, having just suffered a loss. >> reporter: domestic issues aside, the ability of the two sides to reach an agreement may have an impact on foreign affairs. >> the inability to strike an agreement that is serious, that is long term, that restores confidence in the fiscal situation of the united states, i think it actually weakens his hand on every foreign policy issue. >> reporter: the president must also apoint a new secretary of state and treasury secretary. both hillary clinton and timothy good nighter in are not expected to return for the president's second term. in new yo
issue that's facing us. john boehner and mitch mcconnel said we want to compromise. don't want the american people to deal with what could be ahead. what is going on? we all think their backdoor meetings that get done. is that not the case? >> they are having those kind of meetings. they are going to have a meeting later on today with the members of congress with leadership. look, it's very clear we need to look something serious. send the message to the markets and the american people. this election pretty much laid out what the american people want. 80% of the american people want to compromise. both parties to work together. i don't know what it will take for these guys to wake up and realize that. we have to stop this negotiating i'm not going to do this. the only thing we know for sure is rates are going up for the wealthy. elections matter. he did win. >> i think what you have is a lot of posturing going on and it's posturing that takes you toward the negotiations that will take place. i would disagree with my friend marty that the rates have to go up. i think there's a
. >> point to the impact higher taxes would have on hiring. but house speaker john boehner is shown a willingness to raise revenue if it involves simplifying the tax system. not just raising rates. >> for the purposes of bipartisan agreement, we're willing to accept new revenue under the right conditions. >> and the reaction already from the markets. the dow fell in a big way yesterday. that's due to things happening overseas but also has to do with the approaching fiscal cliff. in washington, fox news. >> president obama will become the first sitting u.s. president to visit the southeast asian country of berma later this month. it was a repressive military regime. the white house has encouraged the move towards democracy. the visit was announced this morning. >> election official inside virginia are thinking of solutions to the long lines of voters forced to wait during tuesday's election. voters shouldn't have to wait more than an hour. using optical scans instead of touch screens and bringing in more voting machines. the problem is being blamed on a high voter turn out and few vo
john boehner now open to raising taxes in other ways. but he told abc news that tax rates should remain where they are. >> on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement program. >> reporter: most economists agree that reforming entitlement programs like medicare, medicaid and social security is necessary, but it would involve a grand bargain. it could take months or years to get that done. the deadline for congress just over seven weeks from now. if these cuts take effect, a congressional budget office report says unemployment could climb to above 9%. some entitlement programs such as social security and medicaid are exempt, but just about everything else is on the table. back to you. >> sherri ly, thank you. >> going over the fiscal cliff threatens to impact each and every one of us. how likely is a compromise? what are hill watchers hearing about the fiscal cliff? we'll find out when ed o'keefe of the "washington post" joinsous in our next half hour. >>> new t
tax cuts. $440 billion worth. john boehner says he is open with putting politics aside and making a deal with the president. they have until january 1st from preventing the economy from going over that cliff. another issue for the president is appointing a new secretary of state. clinton is not expected to return but may stay a few weeks after the president is sworn in again. >> election officials in virginia are considering changes after long lines force some to wait for hours to cast their ballot. the commonwealth is considering switching from the touch screen mondays to optical scans. turn out was less than in 2004 or 2008. there were complaints about long lines and registration issues. now investigating the voting problems there. >> other top stories, gabby giffords will meet her shooter today. face-to-face with the man who shot her in the head at close range. he is due in court this morning for the first time. he pleaded guilty in august to the shooting and find out his sentence later today. >>> a disturbing attack in falls church, virginia. >> a man assaulted a teenage girl
president obama's campaign promise to raise taxes on wealthier americans. house speaker john boehner says old differences should not block new compromise. >> if there is a mandate in yesterday's results, it is a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. and my message today is not one of confrontation but one of conviction. >> reporter: but the big question facing capitol hill now is if the president's re- election victory gives him new leverage with congress or if the same old tug of war remains. and while the president talked a lot on the campaign trail about raising taxes on the wealthy, this fiscal cliff could affect americans on all income levels from the unemployed who could risk losing benefits to working americans who could see possible rise in payroll attacks. in the newsroom, tom fitzgerald, fox 5 news. x 5 new >>> in this morning's other top stories now, police in fairfax county are stepping up that are search of a serial fondler. police say they are now using undercover officers to track him down. here is a s
put on the table his ideas on the tax issue. speaker john boehner has said we'll talk about this with you. they both start with strongest positions and then hopefully they can do a compromise on it. the point on this, this isn't just a short-term problem. this is a long-term problem. >> that's what i was going to ask, we've seen the can get kicked down the road. can we get to real results? real answers this time? >> the hope is what you've got is not going to solve this in the next 6 weeks. that's obvious. but should be an overall agreement. that we've got to deal with the entitlement issue. we've got to deal with cuts in the budget. and we've got to deal with the revenue side. the most important thing right now is continue to stimulate the economy to create more jobs so people are paying taxes so we don't have these deficits and if it means targeted tax breaks then we should be considering some of those for small businesses. >> do you think we'll see the compromise we haven't seen? >> i hope so. but it's not a short-term compromise. kicking the can down the road by 6 months
Search Results 0 to 14 of about 15